Comparative financial statements for Weller Corporation, a merchandising company, for the year ending December 31 appear below, The company did not issue any new common stock during the year. A total of 600,000 shares of common stock were outstanding. The Interest rate on the bond payable was 10%, the income tax rate was 40%, and the dividend per share of common stock was $0.75 last year and $0.40 this year. The market value of the company's common stock at the end of this year was $24. All of the company's sales are on account Weller Corporation Comparative Balance Sheet (dollars in thousands) This Year Last Year Assets Current assets Cash $ 1,270 $ 1,270 Accounts receivable, net 10,300 7,300 Inventory 13,100 11,000 Prepaid expenses 620 650 Total current assets 25, 290 20, 220 Property and equipments Land 10.100 10,100 Muildings and equipment, net 44,406 33.498 Total property and equipment 54, 506 48,598 Total aseta $ 79,796 $ 68,818 Liabilities and Stockholders' Equity Current liabilities Accounts payable $ 19,900 S 18.500 Accrued liabilities 920 750 Notes payable, short term 150 150 Total current liabilities 20,970 Long-term liabilities: 19,400 Bonds payable 8,700 3.700 Total liabilities 29,670 28, 100 Stockholders' equity Common stock 600 600 Additional paid in capital 4.000 4,000 Total paid-in capital 4,600 4,600 Retained earnings 45.526 36,118 Total stockholders' equity 50.126 40.218 Total liabilities and stockholders' equity $ 79,796 5.68,818 AND CULLY Total stockholders' equity Total liabilities and stockholders' equity 50, 126 $ 79,796 40, 718 $ 68,818 Last Year $ 65,000 38,000 27,000 Weller Corporation Comparative Income Statement and Reconciliation (dollars in thousands) This Year Sales $ 72,000 Cost of goods sold 37,000 Gross margin 35,000 Selling and administrative expenses Selling expenses 10,700 Administrative expenses 7,000 Total selling and administrative expenses 17,700 Net operating income 17,300 Interest expense 870 Net income before taxes 16,430 Income taxes 6,572 Net income 9,858 Dividends to common stockholders 450 Net income added to retained earnings 9,408 Beginning retained earnings 36, 118 Ending retained earnings $ 45,526 10,800 6,300 17, 100 9,900 870 9,030 3,612 5,418 240 5,178 30,940 $ 36,118 Required: Compute the following financial data and ratios for this year: 1. Working capital. (Enter your answer in thousands.) 2. Current ratio. (Round your answer to 2 decimal places.) 3. Acid-test ratio (Round your answer to 2 decimal places.) 1. Working capital 2. Current ratio 3. Acid-test ratio